British Airways Boeing 787-8 Dreamliner Aircraft noticed that he was flying on the final approach over the roofs of Myrtle Avenue House to land in LHR LHR at London Heathrow Airport.
Nurphoto | Nurphoto | Getty Images
Rachel Reeves’ finance minister on Wednesday discovered plans to achieve shooting in the hand for a sick economy in the country, signaling that she supports a long delayed expansion of one of the most prominent airports in the world.
In a major growth speech in Oxfordshire, Reeves said that the third runway at Heathrow’s London Airport “is badly needed”, adding that it will increase investment, support economic expansion and could create as many as 100,000 jobs.
Reeves said that “low growth is not our destiny. But growth will not come without a fight.” Promised to go “further and faster” to fulfill what she called her “Number One Priority” launching a British economy.
The Labor Party with the left center has repeatedly committed to give priority to economic growth, with Reeves last week speaking to the press on World Economic Forum In Davos, Switzerland, that this mission is more important for the government than the goal on the net.
The supporters of the third runway in Heathrow say they would better connect the UK with long destinations, increase stores, jobs and, ultimately, economic growth.
In the meantime, the environmental groups have sharply criticized the spread of spreads at the most prominent center of Europe, saying that economic growth can be achieved without the Earth’s stimulation Climate goals.
Reeves described the net zero as the “industrial opportunity of the 21st century”, saying that there is no trade between economic growth and energy transition.
Treasury also considered another runway in London Gatwick Airport and increased capacity on Luton Airport.
British economic effect He returned to grow In November last year, although the expansion was weaker than expectations with only 0.1%.
AND report Posted last year revealed that the British economy of the net-inch, which includes sectors, including renewable sources and Green Finance, expanded by 9% in 2023 with sharp opposition to a slight growth seen in a wider economy.
“Green economy is growing rapidly, with greater government support, it could expand even faster. It doesn’t have to be a matter of growth or environment when we can both – especially when the green economy outweighs other sectors,” Rosie Downes, head of campaign at Friends of the Earth, said in a statement.
‘No easy routes’ for growth
Rachel Reeves, Minister of Finance in the UK, talking about the CNBC frame of Squawk outside the World Economic Forum in Davos, Switzerland on January 22, 2025.
Gerry Miller | CNBC
Finance Minister came under constant pressure since he had discovered the plans of spending and taxation of the treasury last fall, which focused on increasing the tax burden on the British companies. The package has attracted a wide critique of the leader of the industry for influence on investment, jobs and economic growth.
Reeves defended that difficult measures were needed to achieve economic stability and that there were no “alternatives”. She also said that the tax on business would be one -off, saying the Confederation of the British Industry last November that “does not return with more borrowing or more taxes.”
Gareth Davies, the Minister of Finance in the Shadow and the Conservative’s legislator, told the CNBC Wednesday that the opposition party supported the agenda of growth, but that the tax announcements in the autumn budget had damaged the confidence of the business and distracts the investment.
“We would support any pro-Rast, deregulation-this is absolutely critical for any economic growth in our country-you cannot have it at the same time as tax policy against growth, which is what this Labor Government has introduced since it has entered from When this Labor Government introduced it, he came to power, and especially in the budget, “Squawk Box Europe told CNBC.
“But it is a wide principle that we want more infrastructure in our economy and our country and that it will increase growth, so let’s see what the announcements are today,” he said, on the eve of Reeves’ speech.
